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Belvedere Trading LLC — 13F Holdings & Portfolio

CIK 1632341 · latest 13F-HR filed 2026-07-31

Backtest portfolio

Belvedere Trading LLC manages $87.61B in 13F-reported U.S. long-equity assets across 1,038 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (27.29%), SPY (22.99%), QQQ (5.85%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 215 new positions, exited 116, added to 59, and trimmed 50.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
10 S. RIVERSIDE PLAZA
SUITE 2100
CHICAGO, IL 60606
Phone
(312) 893-3750
Filing Manager
Belvedere Trading LLC
CHICAGO, IL
Signatory
Lisa Muehlfelt
Controller
Loading holdings…
AUM

$87.61B

Long-equity book

Holdings

1,038

Distinct positions

Period

2026-06-30

Filed 2026-07-31

Q/Q Activity

+215 / −116 / ↑59 / ↓50

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • NVIDIA CORPORATION$232.8M +142.1%
  • SANDISK CORP$119.2M +2961.6%
  • AMAZON COM INC$27.8M +664.8%
  • INVESTMENT MANAGERS SER TR I TRAD 2X$14.2M +1453.0%
  • ISHARES TR U.S.$11.2M +569.9%
Show all 59 →

Top Trims

  • META PLATFORMS INC-$60.3M -71.2%
  • ISHARES BITCOIN TRUST ETF SHS-$37.1M -75.7%
  • SPDR GOLD TR GOLD-$13.5M -40.1%
  • STRATEGY INC CL-$8.6M -22.3%
  • ISHARES INC MSCI-$4.5M -79.6%
Show all 50 →

New Positions

  • MICRON TECHNOLOGY INC$150.1M
  • INTEL CORP$50.6M
  • TESLA INC$46.0M
  • APPLE INC$27.3M
  • ROUNDHILL$25.0M
Show all 215 →

Exited Positions

  • STATE STR SPDR S&P 500 ETF T TR$178.1M
  • ISHARES$25.0M
  • SPROTT FDS$22.4M
  • ISHARES SILVER TR$16.4M
  • PALANTIR TECHNOLOGIES INC$7.9M
Show all 116 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 STATE STR SPDR S&P 500 ETF T TR Put SPY 78462F103 $23.91B 27.29% 32,015,100 SH
2 STATE STR SPDR S&P 500 ETF T TR Call SPY 78462F103 $20.14B 22.99% 26,972,000 SH
3 INVESCO QQQ TR UNIT Call QQQ 46090E103 $5.12B 5.85% 6,955,000 SH
4 INVESCO QQQ TR UNIT Put QQQ 46090E103 $4.57B 5.21% 6,200,600 SH
5 TESLA INC Put TSLA 88160R101 $3.44B 3.93% 8,185,500 SH
6 NVIDIA CORPORATION Put NVDA 67066G104 $3.31B 3.78% 16,533,900 SH
7 TESLA INC Call TSLA 88160R101 $3.11B 3.55% 7,398,400 SH
8 NVIDIA CORPORATION Call NVDA 67066G104 $2.96B 3.38% 14,783,100 SH
9 VANECK Put SMH 92189F676 $2.81B 3.21% 4,282,600 SH
10 MICRON TECHNOLOGY INC Call MU 595112103 $1.58B 1.81% 1,370,200 SH
11 VANECK Call SMH 92189F676 $1.52B 1.74% 2,320,700 SH
12 ADVANCED MICRO DEVICES INC Put AMD 007903107 $1.43B 1.63% 2,454,900 SH
13 ADVANCED MICRO DEVICES INC Call AMD 007903107 $1.33B 1.52% 2,290,500 SH
14 MICRON TECHNOLOGY INC Put MU 595112103 $1.22B 1.40% 1,059,300 SH
15 SANDISK CORP Put SNDK 80004C200 $1.06B 1.21% 466,300 SH
16 ISHARES Put IWM 464287655 $834.4M 0.95% 2,777,100 SH
17 APPLE INC Put AAPL 037833100 $622.2M 0.71% 2,150,100 SH
18 APPLE INC Call AAPL 037833100 $621.8M 0.71% 2,148,800 SH
19 BROADCOM INC Put AVGO 11135F101 $611.1M 0.70% 1,617,800 SH
20 META PLATFORMS INC Call META 30303M102 $552.6M 0.63% 981,100 SH
21 ISHARES Call IWM 464287655 $504.6M 0.58% 1,679,600 SH
22 SANDISK CORP Call SNDK 80004C200 $503.2M 0.57% 221,300 SH
23 AMAZON COM INC Call AMZN 023135106 $491.9M 0.56% 2,064,000 SH
24 BROADCOM INC Call AVGO 11135F101 $455.6M 0.52% 1,206,000 SH
25 AMAZON COM INC Put AMZN 023135106 $432.7M 0.49% 1,815,600 SH
26 NVIDIA CORPORATION NVDA 67066G104 $396.6M 0.45% 1,982,242 SH
27 META PLATFORMS INC Put META 30303M102 $375.2M 0.43% 666,000 SH
28 SPDR GOLD TR GOLD Put GLD 78463V107 $328.0M 0.37% 890,300 SH
29 SPDR GOLD TR GOLD Call GLD 78463V107 $263.2M 0.30% 714,600 SH
30 INTEL CORP Put INTC 458140100 $225.8M 0.26% 1,617,000 SH
31 PALANTIR TECHNOLOGIES INC Put PLTR 69608A108 $203.0M 0.23% 1,739,700 SH
32 INTEL CORP Call INTC 458140100 $177.8M 0.20% 1,273,700 SH
33 PALANTIR TECHNOLOGIES INC Call PLTR 69608A108 $166.1M 0.19% 1,423,800 SH
34 MICRON TECHNOLOGY INC MU 595112103 $150.1M 0.17% 130,028 SH
35 ISHARES SILVER TR Call SLV 46428Q109 $149.6M 0.17% 2,797,300 SH
36 STRATEGY INC CL Put MSTR 594972408 $144.8M 0.17% 1,665,200 SH
37 SANDISK CORP SNDK 80004C200 $123.2M 0.14% 54,196 SH
38 ISHARES BITCOIN TRUST ETF SHS Call IBIT 46438F101 $123.0M 0.14% 3,693,900 SH
39 STRATEGY INC CL Call MSTR 594972408 $119.1M 0.14% 1,370,300 SH
40 ISHARES BITCOIN TRUST ETF SHS Put IBIT 46438F101 $100.2M 0.11% 3,010,200 SH
41 ISHARES SILVER TR Put SLV 46428Q109 $92.8M 0.11% 1,736,100 SH
42 SPACE EXPLORATION TECHN CORP CLASS A Call SPCX 84615Q103 $65.6M 0.07% 383,900 SH
43 SUPER MICRO COMPUTER INC Put SMCI 86800U302 $51.2M 0.06% 1,746,500 SH
44 SPACE EXPLORATION TECHN CORP CLASS A Put SPCX 84615Q103 $50.7M 0.06% 296,900 SH
45 INTEL CORP INTC 458140100 $50.6M 0.06% 362,460 SH
46 TESLA INC TSLA 88160R101 $46.0M 0.05% 109,423 SH
47 SUPER MICRO COMPUTER INC Call SMCI 86800U302 $43.2M 0.05% 1,472,000 SH
48 CEREBRAS SYSTEMS INC COM Call CBRS 15675D103 $41.1M 0.05% 185,800 SH
49 ISHARES TR U.S. Put IYW 464287721 $32.4M 0.04% 128,600 SH
50 AMAZON COM INC AMZN 023135106 $32.0M 0.04% 134,137 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-31 $87.61B 1,038 0001062993-26-003963
2026-03-31 2026-05-12 $84.44B 731 0001062993-26-002538
2025-12-31 2026-02-10 $93.12B 857 0001062993-26-000726
2025-09-30 2025-10-27 $86.85B 888 0001062993-25-016293
2024-12-31 2025-01-31 $82.84B 831 0001062993-25-001338